posted by
December 27, 2010
Z Magazine
by Rob Larson  
Posted in Commentary, PND Commentary

"[M]ainstream coverage has treated the disaster as an accident due to factors unique to particularities of the well. However ... the spill followed a consistent pattern of cost- and corner-cutting by BP, reflecting a clearly inadequate provision for the huge danger to the Gulf's battered ecology in the event of a major spill. These costs to the ecosystem, for which businesses typically are not held accountable, are therefore considered 'externalities' from the point of view of market exchange." (12/10)  


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